Zhongzhou Special Materials: Controlling shareholder Feng Mingming plans to reduce their holdings by no more than 1.22%.

Zhongzhou Special Materials Announcement: Controlling shareholder and actual controller Feng Mingming holds 163 million shares of the company, accounting for 35.54%. Due to personal financial needs, it is planned to reduce holdings by no more than 5.6033 million shares, accounting for 1.22% of the total share capital of the company, through centralized bidding or block trading within three months after the fifteen trading days from the date of this announcement. Among them, 1.0169 million shares will be increased through secondary market purchases, and 4.5864 million shares will be held before the company's initial public offering and listing. The reduction through centralized bidding shall not exceed 1% in consecutive ninety natural days, and the reduction through block trading shall not exceed 2%. The reduction price shall not be lower than the issue price.